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CONDENSED CONSOLIDATED STATEMENT OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
1 Months Ended 2 Months Ended 3 Months Ended
Mar. 31, 2017
Feb. 28, 2017
Mar. 31, 2018
Operating revenue:      
Oil production $ 20,027   $ 73,261
Natural gas production 2,210   4,900
Natural gas liquids production 777   3,188
Other operational income 149   27
Derivative income, net 2,646   0
Total operating revenue 25,809   81,376
Operating expenses:      
Lease operating expenses 4,740   14,380
Transportation, processing and gathering expenses 144   783
Production taxes 65   (2,201)
Depreciation, depletion and amortization 15,847   21,333
Write-down of oil and gas properties 256,435   0
Accretion expense 2,901   4,287
Salaries, general and administrative expenses 3,322   12,556
Incentive compensation expense 0   387
Restructuring fees 288   0
Other operational expenses 661   179
Derivative expense, net 0   9,548
Total operating expenses 284,403   61,252
Gain on Appalachia Properties divestiture 0   0
Income (loss) from operations (258,594)   20,124
Other (income) expense:      
Interest expense 1,190   3,537
Interest income (40)   (1,539)
Other income (131)   (203)
Other expense 0   21
Reorganization items, net 0   0
Total other expense 1,019   1,816
Loss before income taxes (259,613)   18,308
Provision (benefit) for income taxes:      
Current 0   0
Total income taxes 0   0
Net income (loss) $ (259,613)   $ 18,308
Basic income (loss) per share (in usd per share) $ (12.98)   $ 0.91
Diluted income (loss) per share (in usd per share) $ (12.98)   $ 0.91
Average shares outstanding (in shares) 19,997   19,998
Average shares outstanding assuming dilution (in shares) 19,997   19,998
Predecessor      
Operating revenue:      
Oil production   $ 45,837  
Natural gas production   13,476  
Natural gas liquids production   8,706  
Other operational income   903  
Derivative income, net   0  
Total operating revenue   68,922  
Operating expenses:      
Lease operating expenses   8,820  
Transportation, processing and gathering expenses   6,933  
Production taxes $ 700 682  
Depreciation, depletion and amortization   37,429  
Write-down of oil and gas properties   0  
Accretion expense   5,447  
Salaries, general and administrative expenses   9,629  
Incentive compensation expense   2,008  
Restructuring fees   0  
Other operational expenses   530  
Derivative expense, net   1,778  
Total operating expenses   73,256  
Gain on Appalachia Properties divestiture   213,453  
Income (loss) from operations   209,119  
Other (income) expense:      
Interest expense   0  
Interest income   (45)  
Other income   (315)  
Other expense   13,336  
Reorganization items, net   (437,744)  
Total other expense   (424,768)  
Loss before income taxes   633,887  
Provision (benefit) for income taxes:      
Current   3,570  
Total income taxes   3,570  
Net income (loss)   $ 630,317  
Basic income (loss) per share (in usd per share)   $ 110.99  
Diluted income (loss) per share (in usd per share)   $ 110.99  
Average shares outstanding (in shares)   5,634  
Average shares outstanding assuming dilution (in shares)   5,634